United Kingdom · Aave · The Block
Aave Labs locks in dual UK licenses for regulated crypto payments infrastructure through local subsidiary
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Aave Labs' U.K. subsidiaries have received approval from the Financial Conduct Authority to register as cryptoasset exchange providers, allowing one of the largest decentralized finance operators to do business legally in the United Kingdom.
Key facts
- The Aave DAO approved a $25 million funding grant for Aave Labs in April, with the firm also rolling out Aave V4 and its GHO stablecoin as part of a broader push into regulated consumer finance
- In November 2025, its Irish subsidiary Push Virtual Assets Ireland Ltd. obtained as a Crypto-Asset Service Provider license under MiCA from the Central Bank of Ireland
- The regulator opened a consultation on stablecoin issuance, trading platforms, and custody rules in April, with a formal licensing gateway set to open in September 2026 and the broader framework
- Combined with an existing FCA authorization under the Electronic Money Regulations 2011 to issue electronic money, the approvals give Aave Labs the regulatory footing to offer full-stack
Summary
The two subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., together operating as Push, are now registered under U.K. anti-money laundering rules and hold an existing FCA authorization under the Electronic Money Regulations 2011 to issue electronic money, giving Aave Labs a dual-permissioned framework to build regulated payments infrastructure in the U.K., the firm announced. Combined with an existing FCA authorization under the Electronic Money Regulations 2011 to issue electronic money, the approvals give Aave Labs the regulatory footing to offer full-stack fiat-to-crypto infrastructure in the U.K. The immediate commercial goal is a zero-fee on- and off-ramp that lets users move money directly from their bank account into Aave without leaving the app.